Lot 2 286 Lakefront Terrace, Tarras-Cromwell Road, Cromwell, Central Otago, Otago

Why consider anything else when there is so much on offer with this sought-after Bendigo Hills location?

Spectacularly located on the sun-drenched north-west facing slopes overlooking Lake Dunstan, this premium parcel of land guarantees breathtaking lake and mountain views, promising endless options for you to create the most magical platform for your dream home.

Not only is this the perfect lifestyle block but there is also the benefit of income. Almost 4 hectares of well-established vines rise from the lakefront up to a naturally elevated plateau. With more than 6ha suitable for more planting, you have options to create further upside with the potential for a lease-back by the vendor providing hands-off income possibilities. Or just enjoy the natural landscape of kanuka and rocky schist outcrops with breathtaking views over established vineyards, the Pisa Range and Lake Dunstan.

Spanning 18.7310 hectares, this strategically-located site is in the prestigious Bendigo foothills - a region steeped in history from the Gold Rush era. Take advantage of the local hiking and biking tracks to catch glimpses of the past with goldminer ruins.

In a region that's long been acclaimed for its stone fruits and wines, Bendigo is renowned for its luxury lifestyle and premium wine production. Enjoy the benefits of being adjacent to the soon-to-open Scapegrace Distillery, along with the prominent and award-winning Bendigo vineyards (not to mention the vendor's own).

This property, with its spectacular lake and mountain views; north-west facing aspect; the benefit of income via the well-established vines (with potential to add more value); and with a landscape which epitomizes the very best of Central Otago, is truly a jewel along the lakefront. It's the ideal choice for those seeking the ultimate showstopper location.

Key Features

• 18.7310 hectares of freehold land (more or less)
• Abundance of potential building sites that have "need-to-be-seen-to-be-believed" views over Lake Dunstan
• 3.96 hectares of 17-year old established premium award-winning vines
• Further vineyard development potential of 6+ hectares (approximately)
• Established irrigation and domestic water supply (including for future vineyard development)
• Handy to Queenstown and Wanaka that provide premium shopping and dining experiences, 50 mins to Queenstown airport plus 10 minutes from Cromwell and it's 'old town' charm

If you're looking for the ultimate all-encompassing lifestyle opportunity or to add a premium vineyard and location to your portfolio, this is an opportunity not to be missed. The vendors are highly motivated, making this the perfect opportunity to secure your piece of Central Otago paradise.

For Sale by Negotiation